Fast-growing VIA Outlets is investing €17.5m in the Sevilla Fashion Outlet in Spain and will add an extra 2,680 sq m to the mall, creating space for 17 major brands to be added to the existing roster of 70+ stores.
VIA Outlets has reopened its entire 11-centre portfolio after Covid-19 restrictions were lifted in various markets. And it's seen encouraging trading, new services added and a host of new brands joining the portfolio.
Hammerson is selling its UK retail parks to Canadian private equity firm Brookfield for around £350 million, according to one report. However, on Monday, Hammerson said any deal is far from being sealed.
McArthurGlen Designer Outlet York has announced the addition of two new brands, Raging Bull and Beauty Outlet. The news shows the resilience of the UK outlet channel at the same time as full-price locations struggle.
Simon Property Group, the biggest U.S. mall operator, will cut its purchase price for an 80% stake of rival Taubman Centers by 18%, both companies said on Sunday, as the coronavirus upends the retail industry sector.
Shopping malls giant Hammerson said on Thursday that it has managed to collect only 41% of the Q4 rent that it’s owed. That divides into the UK collecting 38%, Ireland 33%, and France a healthier 51%.